Mindpix Corporation CEO Shareholder Update
MIAMI BEACH, FL--(Marketwired - May 6, 2014) - Mindpix
Corporation (OTC Pink: MPIX) (PINKSHEETS: MPIX) ("Mindpix" or the
"Company"), a technology driven media services and entertainment
company focused on owning, creating or managing multi-platform
music/entertainment, sports and U.S. Hispanic media properties, is
pleased to provide this update from Victor Siegel, President/CEO
and Director of MPIX.
Dear Shareholders;
As I pass my one-year anniversary at Mindpix, I wanted to take
this opportunity to share my thoughts with the Shareholders and
investment community on the last year and our exciting path moving
forward.
First, I want to take a moment to thank all our shareholders for
their continued support and patience. I'm aware it hasn't been easy
and for many of you it has been far more than 12 months since you
became shareholders. As you know, my business experience has
primarily been as a turn-around CEO in the digital, technology and
music industry sectors. Turnarounds are never easy or quick, and
especially in the case of Mindpix, this restructuring has been a
compete re-invention from top to bottom.
Though almost complete, it took the better part of 8 months to
sort through the past history and create a solid foundation to
build from. While a year may seem long, when viewed that way, our
time as a "new" Company, 100% focused on the future is not very
long. That said, we've accomplished a lot in a very short amount of
time.
When I joined Mindpix we all saw an opportunity to re-model it
from the ground up. That meant creating a completely revamped
business model rooted in executable business goals, poised for
growth and speed to market. A new strategy that focuses on proven
management, state of the art technology, supported by a relentless
focus on top-line growth utilizing our newly created infrastructure
that is now solidly in place.
That model focuses on leveraging 3 key trends,
- The massive shift away from traditional TV viewing and into
multi-platform (smartphones, tablets, gaming consoles, smart TV's
and pc's) video consumption for younger consumer, generally under
35 years of age.
- The fast growing adoption of social media monetization of
content on mobile devices and pc platforms (through advertising,
sponsorship and various payment and viewing options -- PPV,
Video on Demand, etc.)
- The expanding need for branded media companies and sports
properties to leverage their intellectual properties and increase
revenue through new video streaming distribution and monetization
models with trusted third party partners, such as Mindpix Media
Services(SM).
We are building Mindpix to address these 3 opportunities,
aligning our staffing, focus, capital resources and technology to
attack the new digital video and social monetization marketplace in
these key segment trends.
To efficiently execute that vision, we configured our efforts
across 2 divisions, each utilizing an internal "shared services"
model for maximum cost efficiency. Leveraging the same technology,
streaming infrastructure and staffing to execute on their
respective business missions allows us to keep Corporate G&A
spending and overhead to a minimum.
1. Mindpix Media Services(SM) - a technology services and
platforms business offered as a turn-key solution to clients and
partners; Mindpix Media Services(SM) is focused on near term
revenue generation through acquiring "one-off" streaming events
(such as Spring Awakening and Golden Trailer Awards) and longer
term recurring revenue engagements (such as the Jimmy Lloyd
Showcase) for music/entertainment, Sports and U/S Hispanic media
properties
2. MP Presents(SM) - a content creation, co-production and
distribution business, established to facilitate significant
ownership stakes in digital and traditional media properties (such
as KM Productions and New Gospel Entertainment) Properties under
this banner will provide Mindpix with a combination of revenue
streams and equity participation and asset appreciation. As noted
earlier Mindpix Presents(SM) leverages the existing infrastructure
of Mindpix Media Services(SM) to execute its programs providing
maximum efficiency and maximum gross margins going forward.
It's taken a huge amount of collective hard work to get where we
are today -- a transparent, compliant and structured company. While
this process has been painful at times to get to this point, it was
necessary to correct the past. Today we have finally fully
extracted Mindpix from its past and created a solid plan for
topline revenue and increasing shareholder value for the
future.
Rest assured that every single decision your Management Team has
taken over the last 12 months, and will in the future, no matter
how large or small, has been reviewed and analyzed to execute on
this plan and to do our best to ensure that the shareholder will
achieve long-term value.
Whether it was:
- Divesting ourselves of the music catalogue,
- Restating 2 1/2 years of our financials,
- Establishing a Nashville office to take full advantage of the
fastest growing sector in the music business, Country,
- Initiating an audit of the Company's financial statements to
assure transparency
- Creating and staffing a world class Board of Advisors that
provide real value on the first day
- Re-fashioning our Board of Directors
- Partnering with 4 leading edge technology partners
- Laying the foundation for an eventual up listing to the OTCQB
as an SEC reporting issuer
- The formation of Mindpix Media Services(SM), and successfully
winning 3 exclusive assignments to date -- Spring Awakenings 2104,
The Jimmy Lloyd Showcase and The Golden Trailer Awards.
- Both Jimmy Lloyd and the Golden Trailer Awards are long-term
agreements, annual or multi-years retainers for the Company. Each
has significant revenue potential through significant revenue
sharing agreements.
- The creation of Mindpix Presents(SM) and successfully winning 2
assignments to date -- full joint venture with KM Productions
(covering China and the US) and the New Gospel Entertainment joint
venture -- whose first launch is the 2014 Bridge to Believe Tour
- Both JV's will provide the Company with significant equity in
each respective venture, which we will recognize on our balance
sheet as well as both short term and moderate long-term revenue
potential. For instance, Mindpix will generate multiple revenue
streams through "The Bridge to Believe Tour 2014." National Sponsor
and local event ticket sales at multiple Mega Churches plus
throughout the country, branded merchandise, and numerous high
margin digital extensions beyond the 21 cites tour stops such as
live Pay Per View (PPV) and post tour Video On Demand
re-broadcasts
Turnarounds are hard work and are a bit like icebergs floating
on the ocean. You only see the top 20% floating above the water,
while the remaining 80% is invisible just below the surface and
often hard for all to see clearly. Over the past year, I have had
the pleasure on working on that 20% above the water, in a focused
manner for about 4 to 5 months. My first 7- 8 months were spent on
turn-around and cleanup, the underwater 80% if you will. I am very
happy to report now it is 80% above water.
I am exceedingly proud of our accomplishments our Management
team has achieved since the beginning of 2014. As of today we've
closed 5 projects (3 Mindpix Media Services(SM) and 2 Mindpix
Presents(SM)) and have over 50 projects in the pipeline. We've
established an amazing and growing Advisory Board of world-class
individuals who are already helping the Company bring in business.
And for the first time during my brief tenure as CEO, I can clearly
see where the results of all our hard work and patience are paying
off and it is very exciting to think about our collective future --
fully unencumbered by the past.
On a more personal note, it's starting to be fun and exciting to
wake up and go to the office again, either here at HQ in Miami
Beach or in Nashville, NYC or LA. Our growing pipeline of potential
projects stretching across all domestic offices and outposts is
expanding and I'm psyched to be working closely with our Management
Team and Advisors to drive the Company forward quickly
While "fun" is not a typical CEO update to Shareholders, I
believe, for myself and for many of the Shareholders much of the
last year has been very frustrating. So fun is a welcome change for
all of us. Unfortunately, much of the last year was characterized
by unforeseen challenges from the past and by unavoidable delays
stemming from a history that we all inherited. I am happy to report
the delays are over.
As we plan and head into the second half of the year, we've done
much, but much is left to finish. We will be initiating a
re-branding of Mindpix, including a fully re-designed web presence,
corporate identity, new logo and aggressive Investor Relations and
industry Public Relations efforts to increase awareness of our
service offerings and gain market share. We will be nominating and
putting forth a new slate of Directors and looking at international
expansion opportunities through partnerships for early 2015 and
beyond. Additionally, I look forward to reporting in the very near
future the completion of our audit and our move to the OTCQB. We
also will be announcing a date for an annual shareholder meeting in
Miami, Florida. Mindpix is fast becoming a company we can all be
very proud of, as we become the go-to resource for digital media
services and global streaming ventures.
We have an extremely well refined operational plan and there is
a huge marketplace of companies looking for more efficient digital,
streaming and monetization programs that we now offer. Early on, I
made a promise to be transparent and to report on our progress good
or bad. As we progress beyond our Annual meeting, in my continued
effort of transparency, I will commit to a regular monthly update
as we move forward and grow this Company. I am very much looking
forward to the balance of 2014 as MPIX continues to execute on
plan. Thank you again.
Sincerely,
Victor Siegel, CEO and Director
About Mindpix Corporation Mindpix Corporation (OTC Pink: MPIX)
(PINKSHEETS: MPIX) is a technology driven multi-platform media
company focused on owning, creating and/or managing multi-media
entertainment and sports and US Hispanic media properties across
the globe. Through a unique eco-system, MPIX provides the critical
on-line video technology, production, digital marketing, audience
development, payment services, sponsor acquisition, digital and
traditional media distribution services to drive revenue for live
and VOD (video on demand) events globally.
MPIX disclosure and financial information is published on OTC
Markets and can be found at the following site:
http://www.otcmarkets.com/stock/MPIX/filings/
This press release contains forward-looking statements
within the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended (the "Exchange Act"), and as such, may involve risks and
uncertainties. These forward looking statements relate to, amongst
other things, current expectation of the business environment in
which the company operates, potential future performance,
projections of future performance and the perceived opportunities
in the market. The company's actual performance, results and
achievements may differ materially from the expressed or implied in
such forward-looking statements as a result of a wide range of
factors.
For company Contact: Reina Ziegler info@mpixcorporation.com
Investor Relations: Howard Gostfrand info@amcapventures.com
305.918.7000